NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

Spaceport-Related Activities Gross Receipts Tax Deductions

There are 4 separate deductions connected with the operation of a spaceport in New Mexico.

“Space” is defined as any location beyond altitudes of 60,000 feet above mean sea level. “Payload” means a system, subsystem or other mechanical structure designed and constructed to perform a function in space. “Space operations” is defined as the process of commanding and controlling payloads in space. “Spaceport” is defined as the installation and related facilities used for the launching, landing, operating, recovering, servicing, and monitoring of vehicles capable of entering or returning from space.